Procter & Gamble (NYSE:PG) is buying its way into wellness. On August 4, L Catterton announced it had signed a definitive agreement to sell Thorne, a science-backed health and wellness brand, to Procter & Gamble for $3.8 billion in cash. The deal lands a day after an August 3 analysis flagged a fiscal 2027 earnings […]
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Procter & Gamble (NYSE:PG) appointed Shailesh Jejurikar as Chairman of the Board, succeeding Jon R. Moeller following his retirement after 38 years at the company. The board transition shifts leadership at the top of Procter & Gamble’s governance structure as Moeller steps down from his role as Executive Chairman. Investors are watching the handover closely, given the potential long term implications for company culture, operations, and board oversight. For readers tracking long term...
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Procter & Gamble (NYSE:PG) agreed to acquire Thorne, a science-focused wellness supplements company. The transaction values Thorne at US$3.8b and expands PG into premium health and wellness categories. The deal centers on vitamins, minerals, and supplements as an extension of PG's existing health portfolio. For investors tracking Procter & Gamble, this move pushes the company further into consumer health and wellness rather than relying only on traditional household and personal care...
The acquisition bolsters P&G's presence in the premium wellness space.
The deal, set to close later this year, would add Thorne to P&G's existing supplements portfolio that includes Metamucil, Align Probiotic, and New Chapter
Investing.com -- Procter & Gamble Co. reached an agreement to acquire supplement maker Thorne for $3.8 billion, with the deal set to be announced later today.
Thorne went public in late 2021 at a $525 million valuation but was taken private by asset manager L Catterton in 2023 in a $680 million transaction.
The consumer-goods giant will buy Thorne to bolster its presence in the beauty and wellness industry.
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